Brief: Allegiance Coal Says Made Decision To Pivot Back To Met Coal Production At Both Operating Mines
17/02/2023 01:30
Feb 17 (Reuters) - Allegiance Coal Ltd AHQ.AX :
* MADE DECISION TO PIVOT BACK TO METALLURGICAL COAL
PRODUCTION AT
BOTH ITS OPERATING MINES
* DECISION IN RESPONSE TO DRAMATIC FALL IN THERMAL COAL
PRICES FOR
COAL DELIVERED TO EUROPE
* WAS NOT SUCCESSFUL IN 1ST TENDER CO PARTICIPATED IN FOR
METALLURGICAL COAL AT STEEL MILL IN EUROPE REFERRED TO IN
DECEMBER QUARTER UPDATE
* MOST LIKELY PARTICIPATE IN NEXT TENDER THAT SAME MILL
ISSUES AS
COAL QUALITY PASSED ACCEPTANCE
* LAST THERMAL COAL TRAIN FROM NEW ELK MINE PLANNED TO BE
LOADED
NEXT SATURDAY AT JANSEN RAIL LOADING FACILITY NEAR TRINIDAD,
COLORADO
* COAL IN BARGES TO FORM START OF BUILD OF MET COAL
STOCKPILE AT
PORT READY FOR LOADING IN SHIP BETWEEN LATE MARCH OR MID-APRIL
Source text for Eikon: ID:nASX4knJkm
Further company coverage: AHQ.AX
((Reuters.Briefs@thomsonreuters.com;))
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